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October 21, 2009

arrowAnother Gateway to affordable housing

The developers of the successful Sierra Gateway senior housing complex at San Jose and Marty avenues in northwest in Fresno in 2007 are preparing for a second phase.

Southern California Presbyterian Homes wants to build a 68-unit companion adjacent to the 79-unit original. As part of the process to apply for federal funding, the developer will solicit comments from the community at a public input session from 10 a.m. to 11:30 a.m. Friday at the Deaf and Hard of Hearing Service Center, 5340 N. Fresno St., near Fresno Street and Barstow Avenue.

Southern California Presbyterian is applying for a federal grant to finance about 90% of the $12 million project, but funding is not assured, said Sally Little, vice president of affordable housing at the Burbank-based developer.

"There is less HUD (Housing and Urban Development) funding available, which makes the competition stiffer," she said.

The remaining 10% of the financing would come from city or other sources.


The need for good-quality, affordable senior housing in Fresno is huge. "All of our studies show Fresno needs affordable housing for all ages," Little said.
If financing is obtained, Sierra Gateway 2 could open in 2011 or 2012.

Sandy Nax covers real estate and business for The Fresno Bee. He can be reached at 441-6495 or snax@fresnobee.com



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